Money Button CEO chooses nChain’s Bitcoin Cash [BCH] Satoshi Vision

Ryan X Charles, the CEO of Money Button and Yours. Inc spoke about the reason behind choosing Bitcoin Cash SV, in his recent Youtube discussion. The CEO also clarifies the investment both Bitmain and nChain have made in his start-up, Yours Inc., a platform that allows its users to earn Bitcoin Cash for their content.

Charles stated that the Yours Inc. raised money from both Bitmain and nChain; $1 million from Bitmain and $500K from nChain. This makes Bitmain the largest investor in the company as the total money raised sums up to $1.7 million. He further spoke about the accusations made by several people in the space, stating that he was biased towards nChain as they are the biggest investors in his company. He said:

“I’m saying it’s actually exact opposite, that the largest investor is on the other side […] everything I’ve ever said that’s favorable to nChain actually comes at risk to me. Not only am I not getting money from this, I’m risking making an enemy of Bitmain […] because first of all, I like Bitmain and the thought of being an enemy with them is just a horrible idea but also obviously, if they were genuinely an enemy, I wouldn’t stand a chance.”

He went on to say that both the parties are in a “literal war” wherein each of them is attacking the other with computers. Charles further stated that as the CEO of Yours Inc., he is inclined towards making a decision of choosing one fork of Bitcoin Cash.

He added that he tried to prevent the split and went as far to invest a new procedure, the anti-split procedure which is an idea of relying on the unified transaction history between both the chains.

Charles stated:

“However, the major player particularly Bitcoin.com went in the opposite direction and promoted a split, they split their coins in their services not in the wallet but in the services, which all but assures that the split coin will ripple off  throughout the ecosystem because of the way that you merge UTXO’s together that it eventually all the coins become split”

He further said that since the majority did not support the anti-split procedure, the end result was the split. This has also led to all the major exchange platforms listing Bitcoin ABC implementation as Bitcoin Cash and the other chain would probably be listed as a different cryptocurrency. He stated:

“Money Button and Yours Org, it is not a good idea to have multiple of these things none of the user experience stuff that we’ve done accounts for having more than one. We’re not going to do more than one, it’s a distraction it makes it harder the UX is worse, we have to pick whichever one is the best one than the one that’s most likely to work long term and I believe that’s SV”